Groupe Fives buys MAG Americas

PARIS—Groupe Fives, an industrial engineering company based in Paris, will buy MAG Americas, a global supplier of machining for large composites parts and metal cutting equipment.

MAG Americas makes equipment and machine tools for aerospace, oil and gas, mining, agriculture and off-road vehicles. Its business units include Giddings & Lewis, Cincinnati and Forest-Liné, specializing in composite processing and large metal-cutting, as well as a unit dedicated to aftermarket services. It employs 1,000 people in the United States, France, Canada, China and South Korea.